Close Menu
  • Home
  • Area Councils
  • Business Development
  • Education
  • Environment
  • Health
  • Diplomatic Zone
  • Security
  • Sports and Leisure
  • Politics
What's Hot

Funke Akindele, Facebook partner to promote new film

October 29, 2026

Nollywood actor Francis Duru is dead

October 23, 2026

NFVCB seeks Chinese support for film classification, Nollywood market access

October 22, 2026
Facebook X (Twitter) Instagram YouTube
Facebook X (Twitter) Instagram YouTube
Abuja Daily NewsAbuja Daily News
  • Home
  • Area Councils
  • Business Development
  • Education
  • Environment
  • Health
  • Diplomatic Zone
  • Security
  • Sports and Leisure
  • Politics
Abuja Daily NewsAbuja Daily News
Home»News

Court stops CBN from releasing allocation to Rivers Govt

Share
Facebook Twitter LinkedIn Pinterest Email

The Federal High Court in Abuja has stopped the Central Bank of Nigeria (CBN) from releasing monthly financial allocations to the Rivers State Government.

In a judgement delivered by Justice Joyce Abdulmalik on Wednesday, the court held that the presentation of the 2024 budget by Fubara before a 4-member Rivers House of Assembly was an affront to the Constitutional provision.

Justice AbdulMalik described the receipt and disbursement of monthly allocations since January 2024 by Governor Siminalayi Fubara as a “constitutional sommersault and aberration that must not be allowed to continue.”

AbdulMalik held that Fubara’s action in implementing unlawful budget smacked gross violations of the 1999 Constitution he swore to protect.

The judge herefore restrainined CBN, Accountant General of the Federation, Zenith Bank and Access Bank from allowing the Rivers Governor from accessing money from the Consolidated Revenue and Federation Account.

Justice Abdulmalik held that the CBN was under obligation to ensure that the right thing was done before money from Consolidated Revenue and Federation Account was released to the beneficiaries.

The judge said that the action of the 4-member House of Assembly being held on to by governor Fubara as yardstick to justify unlawful budget had since been nullified and set aside by the Federal High Court and the Court of Appeal both in Abuja.

She held that the judgment of Rivers High Court which gave power to the governor to implement the 2024 Budget had also been set aside by the Court of Appeal.

“Appropriation Bill for January to December 2024, being operated by the 5th defendant (Fubara), having not been charged by the lawful House of Assembly is illegal unlawful and subversion of the 1999 Constitution.

” It is mandatory to present the appropriation bills before the appropriate House of Assembly before legitimate disbursement and withdrawal can be made.

‘In the instant case, the 5th defendant (Fubara) has not presented any budgetary appropriation known to law to any legitimate House of Assembly.

“Sections 120 122 and 197 of the Federal Republic of Nigeria have not been complied with.

“It is unwarranted assault to the Constitutional Order for anybody, including the 5th defendant to be allowed or permitted to continue to breach and violate Sections 91 and 96 of the Constitution to implement budget that was not approved by the legislative arm.

” Every individual must subject to the rule of law. Using illegally constituted House of Assembly to disburse public fund must not be allowed,” she declared.

Justice Abdulmalik subsequently issued an order of injunction which restrained CBN, Zenith Bank, Access Bank and the AGF from permitting the withdrawal or use of the funds from the Consolidated Revenue Account and the Federation Account by Rivers Government until the budget of the state is passed by the appropriate house of assembly.

She also issued another order of injunction which restrained Fubara, Accountant General of the state and their agents from authorising the withdrawal of money from the Rivers bank accounts domiciled at Zenith Bank and Access Bank until the budget of the state is passed by the appropriate assembly.

The judge held that the house of assembly under Amaewhule remained the legitimate house of assembly in view of the Federal High Court judgment which nullified and set aside the house of assembly led by Oko Jumbo and was upheld by the Court of Appeal in Abuja.

Admin
  • Website

Keep Reading

Wike promises infrastructure in Wassa for relocation of Apo mechanics

FCT projects: Photos from commissioning of Arterial Road N5

Nigeria’s economic potential rising under Tinubu – Minister

W/Africa‘s 25% youth unemployment among highest globally — ECOWAS

Navy nab 3, dismantles 8 illegal refining sites in Delta

Tinubu pledges infrastructure investment as Wike lauds President’s support

Add A Comment
Leave A Reply Cancel Reply

Subscribe to News

Get the latest sports news from NewsSite about world, sports and politics.

  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) WhatsApp Instagram
© 2026 Abuja Daily News.
  • ADVERTISE WITH US
  • CONTACT US
  • ABOUT US
  • PRIVACY POLICY

Type above and press Enter to search. Press Esc to cancel.